Retrospective rating plan definition

Retrospective rating plan means a rating plan that adjusts the premium for the insurance to which it
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Retrospective rating plan means a method of determining the premium upon which taxes are calculated that provides for the rela- tionship between the premium for tax purposes, the experience modification rate developed to reflect the loss payment and incurredloss experience of the self-insured employer, and the actual incurred losses for the tax year.
Sample 1
Retrospective rating plan means a method of determining the premium upon which taxes are calculated that provides for the relationship between the premium for tax purposes, the experience modification rate developed to reflect the loss pay-
Sample 1Sample 2

More Definitions of Retrospective rating plan

Retrospective rating plan means a rating plan that adjusts the premium for the insurance to which it applies on the basis of losses incurred during the period covered by that insurance.
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Retrospective rating plan means a method of determining the premium upon which taxes are calculated that provides for the relationship between the premium for tax purposes, the experience modification rate developed to reflect the loss pay- ment and incurred loss experience of the self-insured employer, and the actual incurred losses for the tax year. “Securities” or “security” means a guaranty bond, a bond of the United States or its agencies, United States’ Treasury Notes, a letter of credit, or Local Government Investment Pool (LGIP) funds, or appropriate documents renewing or continu- ing any of these.
Sample 1
Retrospective rating plan means a method of determining the premium upon which taxes are calculated that provides for the relationship between the premium for tax purposes, the experience modification rate developed to reflect the loss payment and incurred loss experience of the self-insured employer, and the actual incurred losses for the tax year. “Securities” or “security” means a guaranty bond, a bond of the United States or its agencies, United States’ Treasury
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Related to Retrospective rating plan

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Annual summative evaluation rating means an annual evaluation rating that is based on appraisals of educator practice and student performance, and includes all measures captured in a teacher’s evaluation rubric. The four summative performance categories are ineffective, partially effective, effective, and highly effective.

  • Rating Category means one of the generic rating categories of any Rating Agency without regard to any refinement or gradation of such rating by a numerical modifier or otherwise.